Norway's Feb Oil Production Slightly Above Forecast

March 19, 2021

Credit: Arlid/AdobeStock
Credit: Arlid/AdobeStock

Norway's oil production slightly exceeded official expectations in February, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.

Crude oil output slipped 0.6% from January to 1.793 million barrels per day (bpd) in February, while the NPD's forecast for the month had stood at 1.785 million.

Oil output was 1.8% higher than in February of 2020.

The daily output of natural gas in February was at 321 million cubic meters, in line with the NPD's forecast but down from 341 million cubic meters in the same month a year ago.

(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

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